3517 Montclair Street, Los Angeles, CA 90018
List Price: $1.6M
Listing Status: Active
Original List Price: $1.45M
0Days on Market: 137
8 Bedrooms · 8 Bathrooms · 5,496 sq ft
Property Type: ResidentialIncome
Year Built: 1923
Lot Size: 10,994 sq ft
MLS Number: 25628249
About This Property
3517 Montclair Street presents a rare opportunity to acquire an eight 700 SF bungalow-style units in the rapidly revitalizing West Adams and Jefferson Park corridor. The units are arranged around an open central courtyard,offering inherent charm, strong renter appeal, and great in-place income supported by a current 5.98% cap rate. 3 units can be delivered vacant, and there are 2 garages which have the potential to be converted, one of which has recently been fully remodeled and in brand new condition. With a low cost basis of $200,000 per unit and $291 per square foot, investors gain immediate cash flow with clear upside through rental growth and optional ADU conversion of two existing garages. The surrounding neighborhood continues to benefit from new dining, transit improvements, and active mixed-use development, positioning this asset for durable long-term appreciation.
Listing provided by: Jacob Zacuto DRE #01377441 310-469-9300 jake@zacutogroup.com, Zacuto Group
Source: CRMLS, MLS #: 25628249
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.